The next investment window is scheduled for 1st May 2023
Register your interest today and we'll send you a notification to let you know when the investment window is open:
Please note, when registering your interest, you will be prompted to log in or create an online account with us before being directed to our investor declaration form. This is required in order to open a GYS savings account with us.
Invest with us and be part of our success.
Our fundraising is designed as a virtuous cycle. If we unite to support each other, we can reap the rewards together.
Phase 1 was extremely successful, and we have already paid most of it back – after just 1 year.
You can now invest in our phase 2 fundraiser and get fast-tracked through our waiting list.
We aim to feed a homeless person for each sign up we get, as a way of showing our appreciation.
Grow your savings Your savings are being eroded due to inflation. You could put your money to work and grow your savings instead.
Get prioritised By investing, you and your children can skip ahead of the public waiting list (currently around 5 years long)
Be part of the vision This is a unique opportunity for you to be part of our mission to eliminate debt and interest. Be part of our success and make a difference!
Look after your future Our joint efforts today will enable you and your children to buy a home in a way that is affordable, and free from the burdens of debt and interest.
Opportunity worth exploring
How it works
Our six-step process makes investing with us simple.
Investment options that work for you
Exact profit rate may be higher or lower subject to profitability conditions.
If you need to exit your investment for any reason, you can submit a request to us. We recommend giving us 3 months' notice for us to consider your request. Investment exit may be subject to Primary Finance securing replacement capital, or homebuyers purchasing equity in their properties, whichever is sooner. If in doubt seek financial advice.
Grow your savings with Primary Finance!
How we will use the money
When you put your savings in a bank account, the bank lends the money out on mortgages and pays you interest. We do similarly, but in a shariah-compliant way. We are consequently able to give you a higher return, that is completely halal.
Financing properties
- By investing you become a direct legal owner of the entity administering the funds
- Fully asset-backed – Each property is directly owned and / or secured with a legal charge to minimise risk
- Funds are only deployed upon completion for each customer – never before
- Financing homes and Buy-To-Let properties
Reserves & Admin
- Around 5% will be held in cash reserves
- This will be used to help cover the costs of developing and administering the portfolio
- We always quote returns net of these amounts
The money will not:
- Be spent on Primary Finance's business or operational costs
- Be lost if Primary Finance fails - since it is held in a portfolio company owned by you
What makes this initiative so important?
The estimated annual social cost of debt on society is £8.3bn (research performed by stepchange.org). This is an ethical initiative to reduce this mounting social cost.
Our ambition is to eliminate riba (interest / usury) from finance arrangements entirely. But we all need to work together to make it happen.
The Prophet (peace and blessings be upon him) said: “There are seventy-two types of riba (interest / usury), the least of which is like a man committing incest with his mother.”
Classed as saheeh (authentic), Ibn Majah and Al-Hakim.
This is a true sadaqah jaariya (recurring rewards) project. You will be helping to eliminate the burdens of debt and interest – even after you exit your investment!
By working together to support this venture, we can improve our own futures as well as the lives of others.
Testimonials
See what the industry experts think
“A genuine Islamic partnership.”
“I strongly believe that this…. will be a real contribution to Islamic Finance…and help all of society.”
Sheikh Haitham Al-Haddad
Islamic Council of Europe
“At last! We’ve waited so long in the UK for a mortgage product that genuinely attempts to share risk and give the customer, whether Muslim or non-Muslim, a fair deal.”
Ashley Freeman
CEO, Gateway LLP
“Primary Finance is all about the efficient and effective mobilisation of funds for the benefit of the ordinary person in the Real Economy.“
David Vicary
Managing Director, DVA Consulting
“I’ve worked in the Islamic finance industry for a long time and I’ve rarely seen a product that addresses grassroots issues in the way Primary Finance has managed.”
Harris Irfan
Chairman, UK Islamic FinTech Panel
“I’m delighted to give my support to the Primary Finance Home Purchase Plan.”
“This carries all of the justice and risk sharing that an Islamic contract should have, in a way which I have not seen in any of the other products currently available.”
Tarek El Diwani
Islamic Finance expert
“One of the great things about Primary Finance is that it’s community-based finance that is going to enable and uplift the community.”
“I would say to all of you to get behind them in any way that you can.”
Umer Suleman
Islamic Council of Europe
Got questions?
How is the priority waiting list structured?
The priority waiting list is ordered by amount given or invested, as well as timing. The more you invest, and the sooner, the higher your waiting list position will be.
You should note that if you take your funds out before we provide you with an exit offer you will lose your place on the priority list.
What security measures are in place?
Each property financed will be secured with a legal charge to the benefit of the portfolio company, which is owned by you. A legal charge is the same protection that a bank has when providing mortgages. If anything were to happen to Primary Finance, your money would remain safe within the portfolio company under your ownership.
What is the tax treatment for returns?
Returns are in the form of dividends on the shares you hold. The current tax-free allowance on dividends is £2,000 per year. Therefore, if you have no other dividend income you can invest up to around £180,000 with us and your returns will be completely tax-free!
What is the risk exposure?
Your exposure and return will be related specifically to the portfolio of homes that your capital is used to finance, and each of these will be secured with a legal charge. You will not be exposed to the risk associated with Primary Finance’s wider business operations.
Is this investment shariah-compliant?
Yes – our mudaraba investment structure has been reviewed and approved by Sheikh Haitham Al-Haddad (Islamic Council of Europe) in his capacity as independent Shariah scholar. It has also been internally scrutinised and approved by Sheikh Salman Hasan, our in-house scholar.
Who can I speak to for advice?
You can speak to us if you want to obtain further information. If you want financial advice, we can put you in touch with an independent financial advisor who understands this investment product.
